Wolff: Williams deserves Capex hike - must be treated differently ...Middle East

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Wolff: Williams deserves Capex hike - must be treated differently
source : F1 News ( Middle East ) () 32
Mercedes boss Toto Wolff says Williams' request for an exceptional increase of its Capex limit as set by F1's financial rules is justified, while the Austrian denounced the self-serving attitude of several teams that led to talks on the topic being shelved for now. Williams tabled its demand at the last meeting of the F1 Commission following team boss James Vowles' comprehensive review of the team's outdated infrastructure. In a nutshell, capital expenditures are long term investments by a team to acquire or maintain its factory equipment. Formula 1's financial regulations authorize Capex of $36 million spread across four years. Long-term investments are a big part of Williams' turnaround pl

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